Private banks
The Union bank of India, a Mumbai based public sector lender, has decreased the interest rates on home loans above Rs 30 lakhs by 25 basis points. The bank is now offering home loans up to 75 lakhs at the base rate which is 10.5 percent. Loans above Rs 75 lakh and up to Rs [...] Continue Reading »
With State Bank of India offering the lowest home loan interest rates, people who who have taken loans from other private banks switched to SBI. In the first two months of the third quarter SBI had obtained Rs 800 crores in home loans. Consumers with Rs 400 crore of home loans switched to SBI in November [...] Continue Reading »
Following the the State Bank of India (SBI), Syndicate Bank, Indian Overseas Bank and Union Bank of India, state-run Punjab National Bank has also announced a reduction in its interest rate on housing loans by 25 basis points across the board. Now a potential customer can take a 15-year floating rate loan of Rs. 20 [...] Continue Reading »
Properties in Guwahati has the highest registration fee of 16.5 percent when compared to throughout India. To slow down these rates the Assam Real Estate and Infrastructure Developers’ Association is fighting against this imposition. Due to high registration fees and growing interest rates, the real estate market is showing a major slump. Meanwhile, green homes [...] Continue Reading »
February 4th is the final deadline for shifting of all banks who had established themselves in the residential colonies in Noida. In context with the same issue around 50 branches of 15 private and public banks from Noida have approached the Apex court to seek the hearing. All the banks in the city for the [...] Continue Reading »
It is a fact that realty sales dropped down badly during 2011. Even a recent survey by real estate experts revealed that the housing financing companies also had to face same situation resulting in home loan sales drop down. However, in the real time scenario there is a different story in concern with these housing [...] Continue Reading »
In the year 2011, private banks were the huge lenders in home finance who continued to impose increasing penalty on the loan borrowers throughout the year. To ease the home loan environment, ICICI Bank a private home loan financing company waived pre-payment charges on floating rate home loans for the existing as well as for [...] Continue Reading »
